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C.H. Robinson（CHRW）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
C.H. Robinson的季度营收约是凯旋的1.6倍（$3.9B vs $2.4B），C.H. Robinson净利率更高（3.5% vs 0.3%，领先3.2%），凯旋同比增速更快（2.6% vs -6.5%），过去两年凯旋的营收复合增速更高（377.6% vs -5.8%）
C.H. Robinson是美国知名第三方物流与运输服务企业，业务涵盖货运代理、运输管理、中介经纪及仓储服务，可提供整车、零担、空运、多式联运、海运等多种运输解决方案，满足全球客户差异化物流需求。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
CHRW vs TFIN — 直观对比
营收规模更大
CHRW
是对方的1.6倍
$2.4B
营收增速更快
TFIN
高出9.1%
-6.5%
净利率更高
CHRW
高出3.2%
0.3%
两年增速更快
TFIN
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.4B |
| 净利润 | $136.3M | $6.4M |
| 毛利率 | — | 86.1% |
| 营业利润率 | 4.6% | — |
| 净利率 | 3.5% | 0.3% |
| 营收同比 | -6.5% | 2.6% |
| 净利润同比 | -8.7% | -66.9% |
| 每股收益（稀释后） | $1.12 | $0.23 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CHRWTFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $3.9B | $120.1M | ||
| Q3 25 | $4.1B | $109.3M | ||
| Q2 25 | $4.1B | $108.1M | ||
| Q1 25 | $4.0B | $101.6M | ||
| Q4 24 | $4.2B | $103.6M | ||
| Q3 24 | $4.6B | $106.2M | ||
| Q2 24 | $4.5B | $105.1M |
净利润CHRWTFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $136.3M | — | ||
| Q3 25 | $163.0M | $1.7M | ||
| Q2 25 | $152.5M | $4.4M | ||
| Q1 25 | $135.3M | $17.0K | ||
| Q4 24 | $149.3M | $3.8M | ||
| Q3 24 | $97.2M | $5.3M | ||
| Q2 24 | $126.3M | $2.7M |
毛利率CHRWTFIN
| Q1 26 | — | 86.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 5.3% | 1.2% | ||
| Q2 25 | 5.2% | 7.3% | ||
| Q1 25 | 4.4% | 0.1% | ||
| Q4 24 | 4.4% | 5.6% | ||
| Q3 24 | 3.9% | 5.9% | ||
| Q2 24 | 4.0% | 3.4% |
净利率CHRWTFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.9% | 1.6% | ||
| Q2 25 | 3.7% | 4.1% | ||
| Q1 25 | 3.3% | 0.0% | ||
| Q4 24 | 3.6% | 3.7% | ||
| Q3 24 | 2.1% | 5.0% | ||
| Q2 24 | 2.8% | 2.6% |
每股收益（稀释后）CHRWTFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $1.12 | — | ||
| Q3 25 | $1.34 | $0.04 | ||
| Q2 25 | $1.26 | $0.15 | ||
| Q1 25 | $1.11 | $-0.03 | ||
| Q4 24 | $1.23 | $0.13 | ||
| Q3 24 | $0.80 | $0.19 | ||
| Q2 24 | $1.05 | $0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $160.9M | — |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.8B | $950.7M |
| 总资产 | $5.1B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | $160.9M | $248.5M | ||
| Q3 25 | $136.8M | $147.2M | ||
| Q2 25 | $156.0M | $282.3M | ||
| Q1 25 | $129.9M | $502.9M | ||
| Q4 24 | $145.8M | $330.1M | ||
| Q3 24 | $131.7M | $489.3M | ||
| Q2 24 | $113.2M | $500.7M |
总债务CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
股东权益CHRWTFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $1.8B | $941.8M | ||
| Q3 25 | $1.9B | $919.3M | ||
| Q2 25 | $1.8B | $912.4M | ||
| Q1 25 | $1.7B | $893.9M | ||
| Q4 24 | $1.7B | $890.9M | ||
| Q3 24 | $1.6B | $885.8M | ||
| Q2 24 | $1.5B | $874.2M |
总资产CHRWTFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $5.1B | $6.4B | ||
| Q3 25 | $5.2B | $6.4B | ||
| Q2 25 | $5.3B | $6.5B | ||
| Q1 25 | $5.2B | $6.3B | ||
| Q4 24 | $5.3B | $5.9B | ||
| Q3 24 | $5.6B | $5.9B | ||
| Q2 24 | $5.5B | $5.8B |
负债/权益比CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.07× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $305.4M | — |
| 自由现金流经营现金流 - 资本支出 | $302.4M | — |
| 自由现金流率自由现金流/营收 | 7.7% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 2.24× | — |
| 过去12个月自由现金流最近4个季度 | $894.9M | — |
8季度趋势，按日历期对齐
经营现金流CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | $305.4M | $67.1M | ||
| Q3 25 | $275.4M | $24.4M | ||
| Q2 25 | $227.1M | $9.8M | ||
| Q1 25 | $106.5M | $-3.6M | ||
| Q4 24 | $267.9M | $58.5M | ||
| Q3 24 | $108.1M | $26.6M | ||
| Q2 24 | $166.4M | $21.9M |
自由现金流CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | $302.4M | — | ||
| Q3 25 | $269.5M | $22.4M | ||
| Q2 25 | $219.8M | $6.8M | ||
| Q1 25 | $103.2M | $-7.9M | ||
| Q4 24 | $265.3M | — | ||
| Q3 24 | $103.3M | $25.8M | ||
| Q2 24 | $159.8M | $-31.9M |
自由现金流率CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 6.5% | 20.5% | ||
| Q2 25 | 5.3% | 6.2% | ||
| Q1 25 | 2.5% | -7.7% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 2.2% | 24.3% | ||
| Q2 24 | 3.6% | -30.3% |
资本支出强度CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.2% | 2.8% | ||
| Q1 25 | 0.1% | 4.2% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.1% | 51.1% |
现金转化率CHRWTFIN
| Q1 26 | — | — | ||
| Q4 25 | 2.24× | — | ||
| Q3 25 | 1.69× | 14.29× | ||
| Q2 25 | 1.49× | 2.22× | ||
| Q1 25 | 0.79× | -212.82× | ||
| Q4 24 | 1.79× | 15.25× | ||
| Q3 24 | 1.11× | 4.97× | ||
| Q2 24 | 1.32× | 7.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
TFIN
暂无分部数据
